Industry Statistics and Rankings
How does this industry perform in Cyprus compared to Europe?
Country Benchmarking
Industry Data Cyprus
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#33 In EuropeBusiness
#28 In EuropeEmployees
#32 In EuropeWages
#31 In EuropeEurope has a robust chocolate and confectionary manufacturing sector owing to European consumers’ appetite for sweet treats. Europe is the world's leading producer and consumer of chocolate. The continent was responsible for 56% of the world’s cocoa beans in 2021 and accounted for 76% of worldwide chocolate sales. Notably, renowned chocolate manufacturers from Belgium and Switzerland contribute significantly to this high export rate. Germany also leads in per-capita chocolate consumption, consuming an average of 11kg of chocolate per capita annually. Consequently, the huge demand for chocolate within and outside Europe creates a profitable market for European manufacturers. While nominal sales of chocolate and sweets have grown in recent years, in real terms, industry revenue is estimated to fall at a compound annual rate of 2.9% over the five years through 2024, reaching €71.1 billion owing to the massive wave of inflation.
Enterprises
Number of businesses in 2024
Biggest companies in the Chocolate & Confectionary Production in Cyprus
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Chocolate & Confectionary Production in Cyprus industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Chocolate & Confectionary Production industry in Cyprus in 2024?
The market size of the Chocolate & Confectionary Production industry in Cyprus is €9.8m in 2024.
How many businesses are there in the Chocolate & Confectionary Production in Cyprus industry in 2024?
There are 33 businesses in the Chocolate & Confectionary Production industry in Cyprus, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Chocolate & Confectionary Production industry in Cyprus grown or declined over the past 5 years?
The market size of the Chocolate & Confectionary Production industry in Cyprus has been growing at a CAGR of 3.4 % between 2019 and 2024.
What is the forecast growth of the Chocolate & Confectionary Production industry in Cyprus over the next 5 years?
Over the next five years, the Chocolate & Confectionary Production industry in Cyprus is expected to grow.
How competitive is the Chocolate & Confectionary Production industry in Cyprus?
The level of competition is low and steady in the Chocolate & Confectionary Production industry in Cyprus.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Other Chemical Product Manufacturing in Cyprus
- Grain Milling & Starch Manufacturing in Cyprus
Complementors
- Bakery Goods Production in Cyprus
- Sugar Production in Cyprus
Table of Contents
About this industry
Industry definition
This industry includes the manufacture of cocoa products, sugar confectionery and chewing gum. Cocoa products include chocolate, cocoa butter, cocoa fat and cocoa oil. Sugar confectionery includes caramel, fondant, nougat, lozenges and toffee.
Related Terms
COCOAFAIR TRADEORGANICWhat's included in this industry?
Companies
Industry Code
1073 - Manufacture of cocoa, chocolate and sugar confectionery in Cyprus
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Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue CAGR
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Chocolate & Confectionary Production in Cyprus industry?
Outlook
Analysis
What's driving the Chocolate & Confectionary Production in Cyprus industry outlook?
Volatility
Analysis
What influences volatility in the Chocolate & Confectionary Production in Cyprus industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Chocolate & Confectionary Production in Cyprus industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Dark chocolate bars soar in popularity due to the health shift. The rising consumer demand for low-sugar, dairy-free options is prompting major companies to create healthier chocolate products with reduced sugar and increased nutrients.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Chocolate & Confectionary Production in Cyprus industry's products and services performing?
Analysis
What are innovations in the Chocolate & Confectionary Production in Cyprus industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Chocolate & Confectionary Production in Cyprus industry?
International Trade
Highlights
- Total Imports into Cyprus
- Total Exports into Cyprus
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Price and taste are key components of competition. Outside of the price of the snack, the most important factor in consumers' decisions is the taste of it. Good quality treats will attract more consumers.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Chocolate & Confectionary Production in Cyprus located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
New EU regulation bans cocoa from deforested land. In 2023, the EU passed Regulation (EU) 2023/1115, which bans the use of any products, like cocoa, grown in recently deforested areas.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Chocolate & Confectionary Production in Cyprus industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising ingredient prices burden chocolate manufacturers. Both sugar and cocoa prices have significantly increased over recent years, squeezing profitability and influencing future pricing strategies for confectionery producers.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Chocolate & Confectionary Production in Cyprus industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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